Investor Danny Moses, who bet on mortgage-secured debts prior to the crash in 2008, said on Thursday that the market could not mitigate the negative impact from government efficiency-driven cuts in federal spending. “I think we underestimate the economic impact of the federal government’s reductions. [in terms of] Moses, founder of Moses Venture, said in CNBC’s “The Exchange.” “Doge’s cost-cutting move, led by Tesla CEO Elon Musk, could bring a negative impact on the system with layoffs that erode layoffs in the short term. With Trump’s blessing, the billionaire tech entrepreneur has cut federal personnel by more than 17 planes. When GDP debt exceeds 120%, you can’t really make a mistake,” Moses said. [as to] How this unfolds…. We will start to hear that when first quarter revenue is reported, there is a potential market slowdown and a blow to consumer confidence you have already seen. [is] “President Donald Trump’s protectionist trade policy caused a month’s pullback on last week’s S&P 500, dragging last week’s S&P 500 to corrections. The same name revealed that he is still bullish in the money, even after surpassing the recent record $3,000 milestone.
